Archive for the ‘oil proces’ Category

Turkey to approve troops to Iraq in defiance of U.S.

October 16, 2007

By Gareth Jones

ANKARA (Reuters) – Turkey will defy international pressure on Wednesday and grant its troops permission to enter northern Iraq to crush Kurdish rebels based there, though it has played down expectations of any imminent attack.

 

Washington, Ankara‘s NATO ally, says it understands Turkey’s desire to tackle rebels of the outlawed Kurdistan Workers Party (PKK), but fears a major incursion would wreck stability in the most peaceful part of Iraq and potentially in the wider region.

Turkey’s stance has helped drive global oil prices to $88 a barrel, a new record, and has hit its lira currency as investors weigh the economic risks of any major military operation.

Read the rest:
http://news.yahoo.com/s/nm/20071016/wl_nm/turkey_
iraq_dc;_ylt=Ar.kdVwGKsFObLiopEDrU1es0NUE

Advertisements